TMFG vs. BNO
TMFG (Motley Fool Global Opportunities ETF) and BNO (United States Brent Oil Fund LP) are both exchange-traded funds - TMFG is a Global Equities fund actively managed by Motley Fool, while BNO is a Oil & Gas fund tracking the Front Month Brent Crude Oil. TMFG is actively managed, while BNO is passively managed. Over the past 3 years, TMFG returned 12.53%/yr vs 27.93%/yr for BNO. At a 0.01 correlation, their price movements are largely independent. TMFG charges 0.85%/yr vs 0.90%/yr for BNO.
Performance
TMFG vs. BNO - Performance Comparison
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Returns By Period
In the year-to-date period, TMFG achieves a 1.99% return, which is significantly lower than BNO's 90.47% return.
TMFG
- 1D
- -0.39%
- 1M
- -0.08%
- YTD
- 1.99%
- 6M
- 2.14%
- 1Y
- 3.83%
- 3Y*
- 12.53%
- 5Y*
- —
- 10Y*
- —
BNO
- 1D
- 1.99%
- 1M
- -10.29%
- YTD
- 90.47%
- 6M
- 86.00%
- 1Y
- 91.89%
- 3Y*
- 27.93%
- 5Y*
- 24.16%
- 10Y*
- 13.60%
TMFG vs. BNO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TMFG Motley Fool Global Opportunities ETF | 1.99% | 6.75% | 15.45% | 28.36% | -28.17% | 1.21% |
BNO United States Brent Oil Fund LP | 90.47% | -5.44% | 9.67% | -3.43% | 35.25% | 4.76% |
Correlation
The correlation between TMFG and BNO is -0.32, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2021 | 0.01 |
The correlation between TMFG and BNO shifts across timeframes, from -0.32 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TMFG vs. BNO — Risk / Return Rank
TMFG
BNO
TMFG vs. BNO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Motley Fool Global Opportunities ETF (TMFG) and United States Brent Oil Fund LP (BNO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| TMFG | BNO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.93 | ||
| Sortino ratioReturn per unit of downside risk | -2.22 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.38 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | 5.17 | -4.84 |
| Martin ratioReturn relative to average drawdown | 1.10 | 9.76 | -8.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TMFG | BNO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.30 | 2.23 | -1.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.69 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.14 | +0.06 |
Drawdowns
TMFG vs. BNO - Drawdown Comparison
The maximum TMFG drawdown since its inception was -33.66%, smaller than the maximum BNO drawdown of -87.06%. Use the drawdown chart below to compare losses from any high point for TMFG and BNO.
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Drawdown Indicators
| TMFG | BNO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.66% | -87.06% | +53.40% |
Max Drawdown (1Y)Largest decline over 1 year | -11.81% | -17.87% | +6.06% |
Max Drawdown (3Y)Largest decline over 3 years | -16.60% | -23.75% | +7.15% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.18% | — |
Current DrawdownCurrent decline from peak | -1.16% | -10.29% | +9.13% |
Average DrawdownAverage peak-to-trough decline | -10.49% | -40.17% | +29.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 9.45% | -5.97% |
Volatility
TMFG vs. BNO - Volatility Comparison
The current volatility for Motley Fool Global Opportunities ETF (TMFG) is 2.64%, while United States Brent Oil Fund LP (BNO) has a volatility of 14.22%. This indicates that TMFG experiences smaller price fluctuations and is considered to be less risky than BNO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TMFG | BNO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.64% | 14.22% | -11.58% |
Volatility (6M)Calculated over the trailing 6-month period | 10.07% | 36.10% | -26.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.03% | 41.46% | -28.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.60% | 35.38% | -16.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.60% | 36.68% | -18.08% |
TMFG vs. BNO - Expense Ratio Comparison
TMFG has a 0.85% expense ratio, which is lower than BNO's 0.90% expense ratio.
Dividends
TMFG vs. BNO - Dividend Comparison
TMFG's dividend yield for the trailing twelve months is around 0.26%, while BNO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BNO United States Brent Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TMFG Motley Fool Global Opportunities ETF | 0.26% | 0.27% | 13.94% | 5.42% | 0.70% |
Frequently Asked Questions
TMFG and BNO have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNO has higher volatility (14.22%) compared to TMFG (2.64%). In terms of maximum drawdown, TMFG dropped -33.66% vs BNO's -87.06%.
On 3-year performance, BNO leads with 27.93% vs 12.53% for TMFG. On fees, TMFG is cheaper at 0.85% per year. On volatility, TMFG has been the lower-risk option at 2.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BNO has performed better with a 27.93% return vs 12.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TMFG is cheaper with a 0.85% expense ratio, compared with 0.90% for BNO.
TMFG has the higher dividend yield at 0.26%, compared with 0.00% for BNO.
TMFG is categorized as Global Equities, while BNO is Oil & Gas. They also come from different issuers: Motley Fool and Concierge Technologies. Their fees differ too: 0.85% for TMFG and 0.90% for BNO.
BNO currently has the higher Sharpe Ratio (2.23 vs 0.30), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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